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Investment from state budget exceeds 29 trillion VND in two months

Total investment capital from the State budget was estimated at more than 29 trillion VND (1.27 billion USD) in the first two months of 2018, equivalent to 8.6 percent of the yearly plan.
Investment from state budget exceeds 29 trillion VND in two months ảnh 1Total investment capital from the State budget was estimated at more than 29 trillion VND (1.27 billion USD) in the first two months of 2018. (Photo: VNA)

Hanoi (VNA) – Total investment capital from the State budget wasestimated at more than 29 trillion VND (1.27 billion USD) in the first twomonths of 2018, equivalent to 8.6 percent of the yearly plan.

Of the figure, which was 6 percent higher than the same time last year, 5.6trillion VND (247.8 million USD) came from the central budget, up 0.5 percentyear-on year, and the remaining was managed by localities.

In February, total investment from the State budget was calculated at 12.58trillion VND (553.52 million USD).

The Ministry of Planning and Investment (MPI) said most of the capital has beenspent on construction works that began in 2017 and brand new projects.

According to the MPI, the total investment capital from the State budget,excluding Government bonds, planned for 2017 was 307.15 trillion VND (13.5billion USD).

By the end of June2017, more than 303.07 trillion VND (13.3 billion USD) or 98.7 percent of thesum was allocated. The remaining 4.074 trillion VND was capital intended forthe national target programme on climate change response and green growth, twonew projects of the Ministry of Agriculture and Rural Development and thenorthern mountainous province of Ha Giang, and capital allocated by ministries,agencies and local administrations in violation of rules.-VNA
VNA
#investment capital from the State budget #8.6 percent of the yearly plan #Ministry of Planning and Investment #construction works #brand new projects #excluding Government bonds #Vietnam News Agency #Vietnamplus
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